South Korean companies have breathed a sigh of relief.
On November 10, after the Chinese Ministry of Transport announced that it would suspend the special port fee for American ships for one year, the Chinese Ministry of Commerce also announced that it would delay the sanctions against five U.S. subsidiaries of South Korea's major shipbuilding company, Hanwha Ocean, for one year. A spokesperson for Hanwha Ocean welcomed this and said they hope to use this opportunity to enhance their relationship with Chinese partners.
Previously, Hanwha Ocean had publicly expressed support for the U.S. measures targeting China's maritime, logistics, and shipbuilding industries. On October 14, China imposed sanctions in response. The U.S. has already announced a one-year suspension, and China's series of actions are a countermeasure in response to the U.S.
China's approach reflects its sincerity in implementing the China-U.S. consensus, while also upholding the principle of reciprocity. This sends a clear signal to all enterprises: actions taken by blindly taking sides and harming China's interests will eventually come at a cost. If they want to avoid losses, they must re-examine their positions. China's determination to safeguard its legitimate rights and interests will not be compromised. Any enterprise, organization, or individual who insists on damaging China's interests will face countermeasures from China.
Original: www.toutiao.com/article/1848394286428160/
Statement: This article represents the personal views of the author.